In an important development for the world of cryptocurrencies, Tether, the world’s largest digital asset issuer, and Fuze, a platform whose infrastructure enables digital asset transactions in the Middle East, have entered into a Memorandum of Understanding (MoU). Through this agreement, the partnership will come into being and they will push for advocacy by educating people, especially in Turkey and the MENA region on digital assets in particular.
The partnership has the vision to reshape digitized asset awareness and use across this geography by targeting the educational programs hosted in different parts of this digital assets ecosystem. Of course, the aim is to enhance a deeper appreciation and mainstream adoption of digital assets like Bitcoin, blockchain technologies, and stablecoins like Tether (USDT) that ensure cross-border payment solutions.
Ensuring the safety of the local community
Under this strategic partnership, Tether and Fuze are going to implement a set of information projects and seminars aimed at emphasizing the advantages of using digital assets successfully based on the existing and promising regulatory and controlling model. These initiatives will cover vital aspects of the matter i.e. regulatory regulations, compliance, and financial institutions’ knowledge and learning.
The program will involve partnerships in which we work together to develop programs that bring an understanding of these new concepts to financial institutions and consumers in the neighboring regions. Consequently, this educational initiative goes along the current legal framework and ensures that all the practices are compliant with a positive effect on the financial ecosystem.
Tether and Fuze empowering financial Institutions
Education of the place and the businesses on the real applications of digital assets in their day-to-day businesses is one of the greatest components of cooperating. The adoption of digital assets would not be able to grow only if the ability of these kinds of assets to take part in economic activities were illustrated in the first place.
Paolo Ardoino, CEO of Tether, emphasized the transformative potential of the collaboration: ” We are proud to be partnering with Fuze hereby we become one of the groups that adhere to the trend of creating digital currency reachability across Turkey, North Africa and the Middle East. We also believe we are going beyond the technology, indeed, we are creating the required paraphernalia to empower individuals, organizations, and monetary institutions to face the rapidly changing financial world with confidence and ease.”
Mo Ali Yusuf, Co-Founder and CEO of Fuze, also commented on the potential impact of their joint efforts: The phrase, “We are proud to cooperate with a team of Tether who share our idea that the digital currencies will be the future of finance,” conveys that together we can make thing happen. An added phrase, “Educating stakeholders at all levels means that all can accelerate the digital assets landscape and make sure that institutions and end-users benefit from well-managed, secure, and transparent digital currency.”
The joint work of Tether and Fuze will be the model for promoting digital asset education and these partnerships are expected to set a new green line for digital asset adoption, which could be copied in other parts in the world. Through time, my directives will be to keep up the ethical and responsible activities that are reported to uplift the general welfare of people through digital assets, eventually leading to a globally informed and empowered society.
